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Semiconductor and Circuit Manufacturing Market to be Worth $1,056.7 Billion by 2031 – Exclusive Report by Meticulous Research®

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12 months ago

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REDDING, Calif., May 28, 2024 /PRNewswire/ — According to a new market research report titled, ‘Semiconductor and Circuit Manufacturing Market by Component (Memory, Logic, Analog, Micro), Semiconductor (Intrinsic, Extrinsic), Material (Silicon, Germanium), Application (Consumer, Automotive, Industrial), & Geography—Forecast to 2031,’ the global semiconductor and circuit manufacturing market is projected to reach $1,056.7 billion by 2031, at a CAGR of 8.7% during the forecast period of 2024 to 2031.

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A semiconductor can be defined as a substance, generally a pure element, such as silicon or germanium, or compounds, such as gallium arsenide or silicon carbide, that can conduct electricity under specific conditions, making it an ideal medium for the controlled flow of electrical current. Semiconductor materials are an essential part of daily life and are extensively used in electronic circuits owing to their role in the fabrication of electronic devices. These are used in diversified electronic devices, including computers, laptops, telecommunications equipment, storage devices, mobile phones, medical equipment, and many common consumer electronics goods. The semiconductor and circuits manufacturing industry has long been considered as one of the largest contributors in the global technological developments and it is expected to continue its steady growth over the coming years.

The increasing adoption of connected devices, the growing need to reduce the complexity of integrated circuits, increasing government investment in the electronics & semiconductors industry, and growing demand for cloud-based technologies in the electronics & semiconductors industries are factors supporting the growth of semiconductor and circuit manufacturing market during the forecast period.

In this market study, a comprehensive analysis of recent dynamics related to semiconductor and circuit manufacturing was conducted to accurately forecast the future of the global semiconductor and circuit manufacturing market. The study also includes an in-depth profile of key stakeholders in the global semiconductor and circuit manufacturing market, categorized based on their market positions.

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Based on component, the semiconductor and circuit manufacturing market is segmented into memory, logic, analog, micro, optoelectronics, discrete, sensors, and DSP. In 2024, the logic segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the higher adoption of logic semiconductors in consumer electronics, data processing devices, communications systems, and the automotive sector and rising technological developments in special-purpose application-specific integrated circuit (ASIC) and application-specific signal processor (ASSP) logic chips.

Based on type, the semiconductor and circuit manufacturing market is segmented into intrinsic semiconductors and extrinsic semiconductors. In 2024, the extrinsic semiconductor segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the constantly growing demand from the energy sector coupled with the rising usage of extrinsic semiconductors in power electronics devices and the high demand and criticality of these semiconductors in the fabrication process of advanced electronics components such as transistors, diodes, and integrated circuits, among others.

Based on material type, the semiconductor and circuit manufacturing market is segmented into silicon, germanium, gallium arsenide, silicon carbide, and other material types. In 2024, the silicon segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to a wide range of applications across several industries such as telecommunication, aerospace, and electronics, rising demand for silicon-based sensors for IoT devices, growing demand for nanodevices, increasing adoption of 5G technology, and easy availability of silicon-based semiconductors owing to the presence of a large number of players.

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Based on application, the semiconductor and circuit manufacturing market is segmented into data processing electronics, communication electronics, consumer electronics, automotive electronics, industrial electronics, and military and civil aerospace. In 2024, the data processing electronics segment is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The large market share of this segment is attributed to the high demand for semiconductors in data processing electronics devices, including computers, ultra-mobiles, tablets, servers, and storage devices. In addition, the proliferation of mobile phones and other connected devices is expected to accelerate the demand for memory and storage devices, in turn encouraging the growth of the semiconductor devices market for data processing electronics applications.

Based on geography, the semiconductor and circuit manufacturing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global semiconductor and circuit manufacturing market. The presence of multiple local as well as international market players in the region, high consumption of semiconductors and circuits by major electronic components and telecommunication hardware manufacturers, increasing adoption of solar panels and electric vehicles, and large scale of the electronics manufacturing industry in the region are the major factors driving the growth of the semiconductor and circuit manufacturing market in the Asia Pacific region.

The key players operating in the global semiconductor and circuit manufacturing market are Samsung Electronics Co., Ltd. (South Korea), Intel Corporation (U.S.), Taiwan Semiconductor Manufacturing Company (Taiwan), SK Hynix, Inc. (South Korea), Micron Technology, Inc. (U.S.), Broadcom, Inc. (U.S.), Qualcomm Technologies, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Toshiba Corporation (Japan), NVIDIA Corporation (U.S.), Semiconductor Components Industries, LLC (U.S.), Advanced Micro Devices, Inc. (U.S.), Analog Devices, Inc. (U.S.), Renesas Electronics Corporation (Japan), and NXP Semiconductors N.V. (Netherlands).

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Scope of the Report:

Semiconductor and Circuit Manufacturing Market Assessment—by Component

MemoryDRAMFlashNANDNOROther MemoryLogicAnalogMicroMicroprocessor (MPU)Microcontroller Unit (MCU)OptoelectronicsDiscreteSensorDSP

Semiconductor and Circuit Manufacturing Market Assessment—by Type

Extrinsic SemiconductorP-Type SemiconductorN-Type SemiconductorIntrinsic Semiconductor

Semiconductor and Circuit Manufacturing Market Assessment—by Material Type

SiliconGermaniumGallium ArsenideSilicon CarbideOther Material Types

Semiconductor and Circuit Manufacturing Market Assessment—by Application

Data Processing ElectronicsCommunication ElectronicsWired CommunicationWireless CommunicationIndustrial ElectronicsAutomotive ElectronicsConsumer ElectronicsMilitary and Civil Aerospace

Semiconductor and Circuit Manufacturing Market Assessment—by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of EuropeAsia-PacificJapanChinaIndiaSouth KoreaTaiwanRest of Asia-PacificLatin AmericaMiddle East & Africa

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Related Reports:

Semiconductor Manufacturing Equipment Market by Front-end Equipment (Silicon Wafer Manufacturing, Wafer Fabrication), Back-end Equipment (Testing, Assembling & Packaging), Dimension, Component, End User, and Geography – Global Forecast to 2030

Electronic Design Automation Market by Offering (Solutions, Services), Deployment Mode (Cloud-based deployment, On-premise deployment), Tool Type (Design tools, Verification Tools, Simulation Tools), and Geography – Global Forecast to 2030

Optoelectronics Market by Device (LEDs, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application (Measurement, Communication, Lighting), End User (Consumer Electronics, Healthcare), and Geography – Forecast to 2027

Related Blogs:

Top 10 Companies in Semiconductor and Circuit Manufacturing Market

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Meticulous Market Research Inc.
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Technology

LaVivid Unveils Seamless Custom Hair System Experience: A Journey from Vision to Confidence

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1 hour ago

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May 17, 2025

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LaVivid unveils a transformative custom hair system experience, blending artistry and innovation to restore confidence. Discover the journey from vision to reality.

CHINO, Calif., May 17, 2025 /PRNewswire-PRWeb/ — In an era where personal expression and self-confidence are paramount, LaVivid redefines the hair replacement industry with its bespoke hair system solutions. More than a product, a LaVivid custom hair system is a transformative experience designed to restore confidence, authenticity, and the freedom to embrace one’s true self. Today, the brand unveils its meticulously crafted process—from initial consultation to doorstep delivery—proving why it stands as a global leader in premium hair solutions.

“A custom hair system should never be a compromise—it’s a masterpiece you live in.” – LaVivid Chief Experience Officer

The LaVivid Promise: Where Artistry Meets Individuality

At LaVivid, we recognize that hair loss is deeply personal. Our mission transcends aesthetics; we deliver empowerment through hyper-personalized craftsmanship, cutting-edge materials, and unwavering customer care. Each custom order is a collaboration, ensuring every client receives a hair system that feels as natural as their own hair—because confidence begins with authenticity.

Step 1: Collaborative Design – Your Vision, Perfected

Beyond Transactions: A Partnership in Creation

The journey begins with an immersive consultation tailored to your unique needs. Clients may submit requests via LaVivid’s Custom Order Portal or connect directly with our hair experts. This dialogue ensures every detail aligns with your lifestyle, preferences, and aspirations.

Base Selection

Breathable lace? Undetectable thin skin? A hybrid for versatility? Our specialists guide you through material options, balancing comfort, durability, and realism.

Hair Customization

From jet-black waves to salt-and-pepper curls, we offer:

• 100% Remy Human Hair: Ethically sourced, handpicked for texture and luster.

• Tailored Color Blending: Precision-matched hues, including balayage, highlights, or natural graying patterns.

• Styling Flexibility: Straight, wavy, or curly—crafted to mirror natural growth patterns.

Final Approval

Clients receive a detailed quote, a visual mockup, and a secure payment link. Once confirmed, production begins with a clear timeline provided. Most custom orders can be completed within 4–5 weeks, thanks to the dedicated custom hair system team at the LaVivid factory.

Step 2: Artisan Craftsmanship – Precision in Every Strand

Custom-Fit Systems: The Signature Mold Process

For thin skin or full-cap systems requiring anatomical accuracy, LaVivid employs its proprietary mold technology:

1. Scalp Impression Kit: Easy-to-use templates ensure precise measurements.

2. Hand-Sculpted Perfection: Artisans create plaster molds for millimeter-perfect fit.

3. Secure Archiving: Molds are stored indefinitely, expediting future orders.

Behind the Scenes: Meticulous Handcrafting

• Base Construction: Medical-grade, hypoallergenic materials are double-layered for durability and comfort.

• Knot-by-Knot Artistry: Each strand is hand-tied to replicate natural follicular distribution—a process requiring weeks but guaranteeing undetectable realism.

• Styling Mastery: Hair direction and density are calibrated for seamless integration with existing hair.

Step 3: Rigorous Quality Assurance – Excellence Guaranteed

Every LaVivid hair system undergoes a 12-point inspection:

✓ Knot integrity and tension testing

✓ Density verification for natural movement

✓ Base durability and fit validation

✓ Final styling and conditioning

Only after surpassing these benchmarks is your system gently cleansed, styled, and prepared for shipment.

Step 4: Delivery & Lifelong Support – Confidence, Delivered

Upon arrival, clients unbox:

• Your Custom Masterpiece: Ready-to-wear, pre-styled for immediate use.

• Expert Care Guide: Prolong longevity with tailored maintenance tips.

• Dedicated Support: 24 access online customer services and hair system experts for 1-on-1 consultations.

The LaVivid Advantage

• Effortless Reorders: Archived molds enable one-click repeat purchases.

• End-to-End Guidance: From installation to styling, our experts empower you at every step.

• Sustainable Confidence: Designed to last, our systems empower you to live boldly—rain, sweat, or shine.

A New Chapter of Confidence Begins Today

“A custom hair system should never be a compromise,” LaVivid’s Chief Experience Officer. “We merge artisanal tradition with innovation to create solutions that aren’t just worn—they’re lived in.”

Begin Your Transformation

Visit [LaVividhair.com/Custom-Order] to start your journey. For inquiries, contact our hair experts at support@lavividhair.com or 1-833-879-0279.

About LaVivid

LaVivid is a global leader in premium non-surgical hair replacement solutions, serving clients across 30+ countries. Renowned for its handcrafted systems and client-centric ethos, the brand empowers individuals to reclaim their narrative through hair that looks, feels, and moves authentically.

Media Contact:

Lisa Liu

LavividHair Manager

LaVivid Hair Systems

service@lavividhair.com

1-833-879-0279.

https://www.lavividhair.com/

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SOURCE LaVivid

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Technology

Trensor Breaks Ground on First Factory in Malaysia

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2 hours ago

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May 17, 2025

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SEBERANG PERAI, Malaysia, May 17, 2025 /PRNewswire/ — Trensor Electronics Sdn Bhd, the Malaysian subsidiary of Trensor Co Ltd—a leading manufacturer of automotive pressure sensors—held a groundbreaking ceremony to mark the commencement of construction on its new manufacturing plant at the Penang Technology Park @Bertam in Penang, Malaysia.

The new plant—a four-storey facility with an approximate floor area of 10,000 square meters and an estimated investment of RM100 million—is expected to begin mass production of automotive pressure sensors before Q2 2026. At full capacity, it will employ over 200 workers and generate more than RM200 million in annual sales. Trensor has also reserved space on its current land lots to accommodate future expansions.

The ceremony was attended by YAB Chow Kon Yeow, the Chief Minister of Penang, YB H’ng Mooi Lye, the Penang State Executive Councillor (EXCO) for Local Government and Town&Country Planning, as well as representatives from various local organizations, including the Malaysian Investment Development Authority (MIDA), Northern Corridor Implementation Authority (NCIA) and InvestPenang.

In his speech, YAB Chow Kon Yeow welcomed Trensor’s entry into Penang’s vibrant industrial ecosystem and emphasized its role in strengthening the state’s electrical and electronics value chain, particularly in automotive electronics.

Zhou Wenbo, General Manager of Trensor Electronics Sdn Bhd, stated: “The decision by Trensor Co Ltd to establish its first-ever overseas factory in Penang, Malaysia, was driven by the state’s world-class infrastructure, business-friendly governance, high quality of life, cultural affinity, and abundant pool of high-tech talent attracted to the ‘Silicon Valley of the East’.”

“MIDA, InvestPenang, the Seberang Perai City Council, and all local authorities have provided strong support in helping Trensor turn its globalization strategy into a concrete reality today,” Zhou added.

Trensor Co Ltd specializes in the development and manufacture of automotive pressure sensors, ranking highly in annual output, automation, and vertical integration. Its world-class products are included in the procurement systems of major global automakers such as Ford and Geely, as well as Tier 1 suppliers like Cummins and Hanon Systems. Approximately 60% of the company’s revenue is derived from exports, primarily to North America and Europe. Its pressure sensors are also used in the air conditioning systems of Perodua vehicles.

The Penang facility will support Trensor’s strategic expansion into Southeast Asia’s growing automotive markets and beyond.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/trensor-breaks-ground-on-first-factory-in-malaysia-302458329.html

SOURCE Trensor Co., Ltd

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Technology

Sirius Signal Supplies World’s Largest Boating Club With Modern Electronic Visual Distress Signal Devices

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4 hours ago

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May 17, 2025

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Freedom Boat Club — subsidiary of Brunswick Corporation — equips corporate club boats with state-of-the-art SOS flashing distress lights

PEND OREILLE, Idaho, May 17, 2025 /PRNewswire-PRWeb/ — Sirius Signal, the world’s leader in marine safety distress signal innovation and manufacturing, announced today it is providing its high-performance single visible white color plus non-visible infrared SOS flashing distress light to Freedom Boat Club’s fleet. The Model C-1004 electronic boat flare and daytime distress flag is U.S. Coast Guard approved to meet all visual distress signal requirements. Together both provide greater safety for boaters — it also replaces dangerous and toxic pyrotechnic marine flares.

“We have recognized that our club members should have safe, effective and easy to deploy distress signals should any emergency arise on the water,” said Nic Thomas, senior director of club operations.

“We have recognized that our club members should have safe, effective and easy to deploy distress signals should any emergency arise on the water,” said Nic Thomas, senior director of club operations.

In combination with the distress light, a suction cup mount is provided for club members to display it safely above their line of sight. A video linked by a dynamic QR code gives Freedom Club boaters education and instructions on proper use.

“Our SOS visual distress signal products paired with ‘how to and when to use’ instructions provide invaluable operational safety for Freedom Boat Club members,” said Anthony Covelli, Sirius Signal CEO. “This is foundationally what Freedom Boat Club emphasizes in its Unlimited Boat Training Program.”

Continued adoption of these modern electronic signal devices makes sense because they are superior to pyrotechnic marine flares. In addition, they require purchase just one time and eliminate the need for disposal of toxic waste.

About Sirius Signal

Sirius Signal produces U.S. Coast Guard Transport Canada- and Australian-approved day and nighttime distress devices with a focus on safety, technology, performance and sustainability. To learn more about purchasing Sirius Signal devices or being a part of our team, visit us at www.siriussignal.com or call 888.526.0005.

Media Contact

Danielle Doyle, Sirius Sirius, 1 18885260005, danielle@siriussignal.com, https://siriussignal.com

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SOURCE Sirius Signal

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